GENCO Canada
The GENCO of today had its humble beginnings in 1898 as H. Shear Trucking Company. Leading his horse and wagon through the streets, Hyman Shear delivered commodities in Pittsburgh and surrounding communities. With the advent of motorized vehicles, Hyman mechanized the business with the purchase of his first gas-powered truck in 1917. Within a short period of time, the company was operating a small fleet of trucks and servicing an expanded area.
Following years of success, Hyman's son Sam ushered in the company's second-generation of leadership in the early 1940s. Under a new name, General Commodities Warehouse and Distribution Company, Sam expanded the delivery fleet and added warehousing and distribution services.
Like his father before him, Herb Shear joined his father Sam in 1971, to become the family's third generation involved in the logistics business. Together, they expanded the company's service offerings to include public warehousing, distribution and product manipulation services. Continuous growth throughout the seventies and eighties expanded the company's technology base and service offerings.
In the late eighties, Herb transformed product returns management by developing a centralized returns process known today as Reverse Logistics. Following development of its proprietary returns processing software and product liquidation capabilities in the early nineties, the company began providing Reverse Logistics to help customers manage and maximize the value of their returned products.
In 1995, the company consolidated its divisions and service offerings under one name, GENCO Distribution Systems. With a new focus, came new concepts and innovative developments. The company continued its strategic expansion, making several key acquisitions, including contract logistics and warehouse management software development companies, to end the twentieth century well positioned as a leading full service provider of supply chain solutions.
Over the past several years, GENCO has continued its growth by adding an expanded range of service offerings, including transportation logistics, parcel negotiation and audits, damage research, pharmaceutical services and government solutions. In addition, the company formed a strategic LLC with BDP International to provide end-to-end global supply chain solutions. In 2007, the company changed its name to GENCO Supply Chain Solutions to better reflect its complete range of service offerings.
As GENCO Supply Chain Solutions celebrates its 110-year anniversary in 2008, it is recognized as North America's second largest and a Global Top 50 third-party logistics and remains the clear industry leader in Reverse Logistics. While the company continues its growth, many of the things that have made it successful will remain the same, including a superior management team, the supply chain industry's best professionals and best customer experience and depth of technology innovation to deliver value-added solutions, which meet the 21st century needs of its customers.
